Company Registration No. 08534322 (England and Wales)
GR8 DEALS LTD
accounts
for the year ended 30 June 2023
GR8 DEALS LTD
accounts
Contents
GR8 DEALS LTD
Statement of financial position
as at 30 June 2023
Tangible assets
17,349
21,686
Cash at bank and in hand
9,900
3,393
Creditors: amounts falling due within one year
15,518
18,344
Net current assets
25,418
28,863
Total assets less current liabilities
42,767
50,549
Creditors: amounts falling due after more than one year
(38,800)
(44,615)
Called up share capital
100
100
Profit and loss account
3,867
5,834
Shareholders' funds
3,967
5,934
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 March 2024 and were signed on its behalf by
SYED FATEH ALI
Director
Company Registration No. 08534322
GR8 DEALS LTD
Notes to the Accounts
for the year ended 30 June 2023
GR8 DEALS LTD is a private company, limited by shares, registered in England and Wales, registration number 08534322. The registered office is 194 Henley Road, Ilford, IG1 2TR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2022
23,155
14,950
12,305
7,045
57,455
At 30 June 2023
23,155
14,950
12,305
7,045
57,455
At 1 July 2022
16,239
7,933
8,780
2,817
35,769
Charge for the year
1,383
1,403
705
846
4,337
At 30 June 2023
17,622
9,336
9,485
3,663
40,106
At 30 June 2023
5,533
5,614
2,820
3,382
17,349
At 30 June 2022
6,916
7,017
3,525
4,228
21,686
GR8 DEALS LTD
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,193
3,260
Loans from directors
(19,022)
(24,020)
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 4 (2022: 5).